The minority in parliament has asked the government to immediately announce a new producer price for cocoa beans in the country.
The NDC MPs want the government to raise the price of a bag of cocoa beans from 600 cedis to a thousand cedis.
“Infact, the uncertainties is getting very worrying. But let me say that after these uncertainties, government should not announce any price below thousand cedis per bag, in other words, GHc16,000 per metric tonne.”
Addressing a press conference, the minority spokesperson on finance, Dr. Cassiel Ato Forson disclosed that some cocoa farmers are smuggling their produce to Ivory Coast where prices are high as a result of the delay in announcing the new prices.
“It will surprise you that on Friday, 30th September 2022, our neighbouring country, Ivory Coast announced a price of 900 CFA franc which is equivalent to GHC852 per bag or GHC13,632 per metric tonne. Eventhough their currency is not depreciating at this rate as we have observed in Ghana. Let me caution that if this government fails to raise the Cocoa prices it could trigger massive smuggling, particularly at a time when we need every single dollar.
“Today, one thing that this country needs most foreign Exchange, the dollar, and so we cannot afford to allow our cocoa to leave the borders of our country. And we can only do that if indeed we preserve the farmgate price by giving the farmers a good price.”
By: Rainbowradioonline.com/Ghana
